• KGS/USD = 0.01153 0%
  • KZT/USD = 0.00215 0%
  • TJS/USD = 0.09417 0%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01153 0%
  • KZT/USD = 0.00215 0%
  • TJS/USD = 0.09417 0%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01153 0%
  • KZT/USD = 0.00215 0%
  • TJS/USD = 0.09417 0%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01153 0%
  • KZT/USD = 0.00215 0%
  • TJS/USD = 0.09417 0%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01153 0%
  • KZT/USD = 0.00215 0%
  • TJS/USD = 0.09417 0%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01153 0%
  • KZT/USD = 0.00215 0%
  • TJS/USD = 0.09417 0%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01153 0%
  • KZT/USD = 0.00215 0%
  • TJS/USD = 0.09417 0%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01153 0%
  • KZT/USD = 0.00215 0%
  • TJS/USD = 0.09417 0%
  • UZS/USD = 0.00008 0%

Viewing results 1 - 6 of 65

Kazakhstan to Build the Largest Poultry Farm in CIS

On June 20, Chairman of the Management Board of Kazakh Invest, Yerzhan Yelekeyev, and Vice President of JSC Aitas KZ, Rabiga Tokseitova met to discuss the Kazakh company’s plans for the "Almaty Poultry Farm Zhetysu". As reported by Kazakh Invest, the project costing more than $600 million, will have the capacity to process 240,000 tons of poultry, including 100,000 tons of sausages and delicacies, for distribution to local and foreign markets. To be constructed in the region of Almaty, from 2025-29, the enterprise will become the largest poultry farm in the CIS (the Commonwealth of Independent States, which unites post-Soviet republics) and provide 6,000 new jobs. The Aitas holding company is a leading producer of poultry, covering around 43% of the local market. Its assets include Makinskaya, Central Asia’s largest poultry farm, and Kazakhstan’s oldest poultry farm Ust-Kamenogorsk, with a total capacity of 150,000 tons per year. It also owns Almaty Breeding Poultry Farm Nauryz Agro, which as the largest in the CIS, provides 80 million hatching eggs per year for broiler chickens.  

Kazakhstan Offers Low-Interest Loans for Agro-Industrial Sector

Kazakhstan’s Ministry of Agriculture has announced changes to rules concerning loans to agro-industrial projects. The new rules aim to both stimulate the development of Kazakhstan’s agro-industrial sector and create new or expand existing production facilities. Entrepreneurs will now be able to implement their projects using state loan funds at a preferential rate of 2.5% for up to 10 years. The maximum loan is 5 billion tenge. Loans will be prioritized for projects in twelve key areas including the creation of dairy farms, poultry farms for meat production, meat livestock enterprises, vegetable storage facilities, irrigated agriculture using modern water-saving technologies, industrial greenhouse complexes, fruit storage facilities, fish farming, fish processing enterprises, breeding reproducers in poultry farming, deep processing and storage of agricultural products, and production of packaging materials.    

Two City Railway Stations Renovated in Kazakhstan

Kazakhstan’s Ministry of Transport has announced the completion of major renovation of railway stations in the southern city of Shymkent and the northern city of Pavlodar. Built in the 1960s, Shymkent railway station, used daily by several thousand passengers , had been in need of attention for some 20 years. Following major reconstruction, the building has been furnished with a new and attractive façade, an additional entrance from the city side and another exit from the platform. The number of ticket offices has increased from six to eight and coupled with extensions to the overall area, the station now has the capacity to serve 6 thousand passengers a day. Renovation of Pavlodar’s forty-year-old station, last repaired in 2004-05, was also completed this year. Lighting, ventilation, water supply and heating systems have been replaced, and both the ticket offices and old stained-glass windows, refurbished. New facilities include a storage room and pharmacy as well as elevators and lifts to aid access for travellers with mobility issues. In addition to a communal waiting room, the station boasts a separate room for women as well as a children’s play area. In Kazakhstan, a country the size of Western Europe, railways remain an important and relatively cheap mode of transport for both locals and tourists alike.    

Success of Kazakhstan’s JobEscape Start-up

Kazakhstan’s largest venture fund, Tumar Venture LP, whose key investors are the World Bank and the Kazakh Ministry of Digital Development, Innovation and Aerospace Industry, has invested a further 250 thousand US dollars in the Kazakh start-up JobEscape. As announced by the Ministry of Digital Development on 17 June, the total investment in the project now stands at 450 thousand US dollars. JobEscape is a platform that facilitates the acquisition of new skills required to start a freelancing career, through the provision of solutions unique to freelancers and career changers, access to training and a wide range of AI tools. A global project, JobEscape has users from the USA, Canada, Australia, and European countries. Regarding funding, Aslan Sultanov, CEO of Tumar VF, stated: “We invested in JobEscape in the last round and have seen the project grow from literally $10,000 in monthly revenue to almost $1 million in annual revenue. Seeing this dynamic rise, we are confident that the start-up has the potential to grow into a billion-dollar company with roots in Kazakhstan. We are pleased to support the team in creating such a global initiative.” Similarly encouraged by the platform’s development, Miras Sovetov, CEO and co-founder of JobEscape, said: “At the moment, the company’s annual revenue is already close to $1 million. The goal is to grow to US$6 million in 2025. The product is now being widely used in Western markets due to the rapid development of products in the field of AI. Investments in this round will help the company increase its customer base and increase the number of AI tools on the platform. Investors from the UAE and Azerbaijan are already entering the project, which confirms its competitiveness in the global market. The next step will be raising money from American funds for further growth and potential exit (sale of the start-up).”    

Kazakhstan Set to Develop Halal Market

From 4 to 12 June, over 100 certification and accreditation specialists from Kazakhstan attended a training seminar on Halal standards in Astana. Over the duration of the course, participants received training on Halal requirements and OIC/SMIIC international standards set by international experts in Halal accreditation and certification. In her address, Zhanna Esenbekova, Chairperson of the Technical Regulation and Metrology Committee of the Ministry of Trade and Integration of Kazakhstan, emphasized the importance of national legislation adapted to ISO SMIIC standards for Kazakhstan’s economy as well as the need for trained specialists to promote and monitor compliance with Islamic requirements and standards. “Halal standards are receiving increasing attention worldwide and the areas of Halal standardization are expanding. Not so long ago, Halal concerned only a few types of everyday products, but today Halal has expanded its boundaries to areas such as transport and logistics, finance and credit, tourism and hospitality, clothing and footwear production, restaurant business and many others,” reported Esenbekova. One of the seminar’s lecturers, international expert Emre Kırıcıoğlu, added: “Today, the Halal market has over 1.8 billion consumers worldwide and a turnover of 2 to 5 trillion dollars, with regard to Halal financing. Kazakhstan has a reputation for self-sufficiency in food supply. Local meat, grain and vegetables are fine in quality and grown under favourable conditions. Given the profile of a large sector of the population, your country is well positioned to compete in international markets in products acceptable by Islam.”  

PepsiCo to Build Snack Production Plant in Kazakhstan

PepsiCo has announced plans to build a full-scale new plant to produce salty snacks, including Lays crisps, in Kazakhstan’s Almaty region. Implementation of the project was discussed at a meeting between Kazakhstan Prime Minister Olzhas Bektenov and David Manzini, President of PepsiCo in Central Asia, Russia, Belarus, and Caucasus. According to the Kazakh prime minister’s press service, the project has already received $160 million in foreign investment. The plant, anticipated as the largest of its kind in Central Asia, is scheduled to open in 2026. Its original capacity of up to 16,000 tons of finished products per year, will increase to 21,000 tons from 2027, for distribution to both the Central Asian market and abroad. Up to a thousand people will be employed during the plant’s construction, with 350 skilled jobs created when it opens. David Manzini stated PepsiCo’s intention to use locally sourced raw materials. The conclusion of contracts with Kazakh farmers on the delivery of test batches of potatoes is ongoing but all going to plan, the company will purchase up to 50-66 thousand tons of potatoes in 2026-2030, and increase the volume in later years. Prime Minister Bektenov emphasized the importance of the project for the development of agriculture, increasing Kazakh farmers’ income and strengthening the economy. He mentioned that besides its positive impact the food industry and agribusiness, the plant will have a multiplier effect on related industries including transport, logistics, packaging, and processing of agricultural products.  

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